Six departments including the People's Bank of China Nanjing Branch recently issued the "Guiding Opinions on Financial Services for Jiangsu’s Rural Revitalization", proposing 29 specific measures in six aspects for the key issues and important links of financial service rural revitalization.
The "Opinions" proposes to focus on supporting agricultural and rural key areas and weak links in the improvement of housing conditions for farmers in northern Jiangsu.
Efforts will be made to promote innovation in financial products and service methods, and form a comprehensive and diversified rural asset collateral financing model, according to the Opinions.
The "Opinions" called for the establishment and improvement of a multi-channel fund supply system, support qualified agricultural enterprises to carry out direct financing through listing and issuance of bonds, and expand reasonable financing channels in key industries such as modern agriculture.
According to the "Opinions", by 2020, Jiangsu will make sure of enhanced effect in the financial support to high-quality poverty alleviation, financial support for agricultural resources, continued improvement of rural financial services, and the promotion of financial management of agriculture-related financial institutions and the increased ability to support agriculture.
By 2035, Jiangsu will basically establish a modern rural financial system with multiple levels, wide coverage, sustainable, moderate competition, orderly innovation and risk control, which will significantly improve the financial service capacity and level, and satisfy the effective financial needs of agricultural and rural development.
